Perhaps Bitcoin’s most famous face delivered a typically matter-of-fact appraisal of the SEC decision, highlighting in a series of tweets that legacy approval of disruptive technology is a poor perspective from which to progress.

The ETF was denied because bitcoin can't be regulated, can't be surveilled.

Wall Street Journal – Bitcoin Now ‘Useless’

Perhaps the most provocative response of all came (predictably) from a mainstream media source.

In a piece reminiscent of classic Bitcoin obituaries of previous years, the WSJ declared Bitcoin a “useless investment” now that the ETF had been refused.

“…[T]he rejection by U.S. regulators of their plan for an exchange-traded product holding bitcoin is a good time to ask why bitcoin might have any value, and if it does whether it makes sense to hoard it,” the paper writes.

What do you think about the reactions from the community to the ETF decision? Let us know in the comments below!